TSXV:CART.H - Post by User
Comment by
Bobwinson Feb 27, 2017 2:00pm
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Post# 25900055
RE:RE:Chen's CUB site visit.
RE:RE:Chen's CUB site visit."Technical discussion underway to drill a horizontal well toward M23"
I've never heard of any technical advantage to connect two horizontal wells. Seems like this statement is just indicating the general direction that they are thinking about drilling the horizontal leg.
It will be interesting to see how Cub and it's partners try to increase production. For it's part, Cub seems to be content to concentrate on securing valuable concessions and then find good partners who will drill and increase production. It's certainly the low risk way to grow production and company value.
If they do decide to drill themselves, it could be an indication that the prospect is too good to share with a partner. Let's hope they end up with that kind of tough decision.